Shares of XPeng Inc. (NYSE:XPEV – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.15, but opened at $7.42. XPeng shares last traded at $7.49, with a volume of 13,651,735 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Macquarie assumed coverage on XPeng in a report on Monday. They issued a “neutral” rating and a $7.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on XPeng from $19.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.48.
XPeng Stock Up 4.2 %
The business has a 50-day moving average of $8.74 and a 200-day moving average of $12.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51. The stock has a market capitalization of $7.02 billion, a price-to-earnings ratio of -4.25 and a beta of 2.93.
XPeng (NYSE:XPEV – Get Free Report) last issued its quarterly earnings data on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business had revenue of $1.84 billion for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. On average, sell-side analysts expect that XPeng Inc. will post -1.25 EPS for the current year.
Hedge Funds Weigh In On XPeng
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its position in XPeng by 3.2% in the 1st quarter. BlackRock Inc. now owns 20,215,942 shares of the company’s stock valued at $557,756,000 after acquiring an additional 619,993 shares in the last quarter. Vanguard Group Inc. grew its position in XPeng by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 19,696,586 shares of the company’s stock valued at $235,374,000 after acquiring an additional 356,174 shares in the last quarter. Primecap Management Co. CA grew its position in XPeng by 5.3% in the 4th quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company’s stock valued at $182,343,000 after acquiring an additional 624,926 shares in the last quarter. State Street Corp grew its position in XPeng by 3.8% in the 2nd quarter. State Street Corp now owns 7,901,438 shares of the company’s stock valued at $250,792,000 after acquiring an additional 292,396 shares in the last quarter. Finally, Robeco Schweiz AG grew its position in XPeng by 14.9% in the 1st quarter. Robeco Schweiz AG now owns 5,407,600 shares of the company’s stock valued at $149,196,000 after acquiring an additional 701,600 shares in the last quarter. 23.05% of the stock is owned by institutional investors and hedge funds.
XPeng Company Profile
XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) in the People’s Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.